Paulson hedge fund seeks dismissal of Abacus lawsuit

Chicago Tribune – Paulson & Co asked a judge to dismiss a lawsuit accusing the firm of conspiring with Goldman Sachs Group Inc to get a bond insurer to guarantee payments on an investment allegedly designed to fail.

In a filing in New York on Monday, Paulson said it “made no misrepresentations” to ACA Financial Guaranty about the collateralized debt obligation known as Abacus.